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repurchase
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repurchase
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Section 456 Coming into existence of the repurchase agreement
BGB 456. 1 If the seller has , in the purchase agreement , reserved the right of repurchase , the repurchase agreement comes into existence when the seller declares to the buyer that he is exercising the right of repurchase . The declaration is not subject to the formal requirements laid down for the purchase agreement .
BGB 456. 2 In case of doubt , the price at which the object was sold also applies to the repurchase .
BGB 457. 2 If the reseller , before exercising the right of repurchase , was at fault for the deterioration or destruction of the purchased object or an impossibility of returning it that resulted in another way , or if he materially altered the purchased object , he is liable for the damage resulting from this . If the object deteriorated without the fault of the reseller or if it is only trivially altered , the reseller may not require the purchase price to be reduced .